Bad Faith Suit Against Liability Insurer
N/AOUTCOME: $15.5 Million Dollar Judgment
Louisiana resident (our client) suffered severe brain injury and despite sufficient proof of loss, and an offer to settle for the 1 million dollar liability limits, the insurance company negligently an ... d in bad faith refused to accept the offer and pay its 1 million dollar liability limits to our client. We therefore tried the case and obtained a 15.5 million dollar judgment against the liability insurance company's insured's (the defendants). Thereafter, the defendants assigned their right to sue their liability insurance company for not settling for the 1 million dollar offer when it could have to protect the defendants from the suit. After the assignment the defendants were released from the 15.5 million dollar judgment, and the bad faith suit was filed against the liability insurance company, who ultimately settled for 10.5 Million dollars.
